"Now You Know"

It sounds like a “no-brainer”, doesn’t it, that your adventure activities provider needs to be insured? But it turns out not to be so clear-cut as that. The RNLI (Royal National Lifeboat Institution, a British charity) says this in relation to the adventure sport of coasteering: The RNLI advises only taking part in coasteering as [more…]

The Department of Transport (D of T) in the UK produces detailed annual reports on traffic accidents where a person has been injured. When investigating a traffic accident, police will take report any contributory factors which contributed to the collision. Not every accident will have a contributory factor reported, and some may have more than [more…]

The term third party comes from contract law, but it can apply to any kind of legal agreement or commercial process. (The term can also be used to describe a political party other than the two dominant parties in a country with a two-party system, but that’s not the sense being described here.) A contract [more…]

Imagine you are involved in a road traffic collision and the other driver provides you their insurance details. You later find out that they are uninsured and you up end bearing the full cost and losing your no claims bonus. Or perhaps you are a commercial vehicle driver and you want to ensure that the [more…]

If you are in the business of selling goods to other companies, then it is normal business practise to offer the purchasing company credit terms once they have established their credit worthiness. Occasionally, a purchaser will default on their payment by going into liquidation or delaying payment of the debt. This can be a very [more…]

If you are starting up a business in the UK, one of most important things you must consider is insurance. There are many types of insurance. Some are required by law, while others you should consider to ensure that you and your business are protected. As to what types of insurance, it depends on the [more…]

The insurance industry makes important contributions to the UK’s economy, is a major employer, and source of overseas income. It is the second largest insurance industry in the world with its premium income at 11% of the world’s total. It is still some way behind the United States insurance industry which has 30 % of the [more…]

Ethical banking is a sector of the banking industry which takes ethical considerations into account when making business decisions. Sometimes it represents little more than a marketing catchphrase, but at the other end of the spectrum there are financial institutions whose entire reason for existence is to further a particular ethical goal. Ethical concerns may [more…]